magazino

German robotics start-up, Magazino, has closed a financing round of $24.8 million (€20.1 million) with new investors including the international technology group Körber, Cellcom, Zalando and Fiege Logistics.

The round is led by the Körber Group and is one of the largest funding rounds for robotics start-ups in Europe.

Munich-based startup Magazino, which is backed by Siemens, has sold three perception-controlled, item-specific picking robots to fulfillment service provider Fiege.

Deployment will begin in September, when the robots will be implemented into Fiege’s Mega Center to pick shoes that have been ordered online.

The perception-controlled and database-connected robot is able to pick single items, like shoe boxes, autonomously with its laser and camera-system, as well as transport them to the desired destination.